Recommended Reading

Google Search

Tuesday, March 20, 2012

Like a kid on Christmas Eve, wondering when the hell Santa Claus was ever going to get here, I've been waiting for a day like today for what seems like forever. So far it looks like Santa has arrived, although we've had a few false alarms before. Right now it looks like 1390 is our first level of support, and there is plenty of support below that, so the bears are going to have some tough sledding ahead. I'm just P.O.'d I didn't short more than AAPL yesterday. The leading sectors this morning: XLU and XLP. Lagging are XLI and XLE. The Nasdaq is lagging the SPX, and the Russell 2000 is getting creamed. Oil and gold are down, treasury yields are dropping like flies. The bears have it so far.

I have 24 new highs so far, with breakouts in COBZ, GALE, and WMB. I have nothing scheduled to report this morning, and don't see anything of interest in the morning reports.

Samurai Trader Market Watch Game

Wikinvest Wire

Subscribe Now: Feed Icon

Blogarama

About Me

I am not a financial professional, just a guy that trades my own account.
I am also not a musical professional, just a guy that makes music on the computer. Thus, two blogs, one trading and on musical.
And, no, the picture is not me, it is the late, great John Belushi, one of the inspirations for these blogs.

About ThIs Blog

This blog is focused on technical analysis of stocks and markets, putting heavy emphasis on chart analysis. My trading style is derived primarily from my mentor, William "Yoda" O'Neil, and the focus here is on leading and breakout stocks, but all forms of trading are covered to some extent. Economic and political news that effects the market are also topics here, and the blog may occasionally become a platform for my political and philosophical ranting. I keep several spreadsheets on Google docs which track various aspects of the market and readers are welcome to vies and comment on them.

Google Docs Spreadsheets

There are several spreadsheet that I maintain on Google docs to track various watchlists and trends in the market.

1. The earnings list - a group of small and micro cap, low float stocks that have exhibited recent rapid earnings growth. They are modeled along the lines of William O'Neil's CAN SLIM system, but limited to small cap, highly volatile stocks.

2. The relative strength list - a group of stocks which are near 52 week highs and have shown an increase in average daily volume. The list is limited to the top 200 stocks according to my methodology, which will be detailed on one of the pages of the spreadsheet.